Naira Watch

Naira spilled N1.18 against the dollar in the official window

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The Nigerian currency, Naira, declined against the US dollar in an official window on Monday. Nigerian central bank data (CBN) shows that Naira is closed on N1, 548.52/$ 1 compared to N1.547.36/$ 1 which is traded on Friday. This is the loss of N1.18 for local currencies against American Greenback. In the black market, Naira obtained N5 against dollars to …

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